Bumi Armada posted an uptick in profit and revenues for the third quarter, having resolved issues which took its Kraken FPSO offline during the summer.
Major production issues at the North Sea Kraken FPSO have hit vessel owner Bumi Armada in the group's pocket.
Work to overhaul transformers on board the Kraken FPSO has restored production levels, according to an update from vessel operator Bumi Armada.
The Kraken FPSO is back to around 90% production following a hydraulic pump failure that caused work to stop earlier this year.
The Health and Safety Executive (HSE) has said it is looking into the recent hydraulic pump failure on the Kraken vessel that caused production to stop.
Bumi Armada confirmed that production at the Kraken FPSO has been shut in following a hydraulic pump failure.
Bumi Armada has signed a deal with IKM Testing UK to carry out a drone-based methane emissions survey on the Kraken vessel in the North Sea.
A vessel owner has been ordered to up its game after a raft of issues related to the monitoring and managing of alarms were uncovered on a North Sea ship.
EnQuest has said its Kraken FPSO is “almost impossible to electrify” and is looking at creative alternatives to decarbonise the asset.
Operator EnQuest (LON: ENQ) is exploring a range of options as it draws up plans to develop two major North Sea prospects.